CoolPlanetBiofuels Draws Google Ventures Investment To Make Gas From Grass

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CoolPlanetBiofuels — a company that converts grass, woodchips, and other non-food crops and farm residue into high-grade fuel — attracted a series B investment From Google Ventures, the companies revealed Thursday.

Based in Camarillo, Calif. CoolPlanet claims its biofuel products are not just net zero, but “negative carbon fuels,” because the byproducts from making and using them can sequester carbon, and therefore act as a soil conditioner. Converting cellulosic plant material into gasoline could help the agricultural sector by creating demand for non-food crops, and potentially new jobs in rural farming communities.

OverviewGE Energy Financial Services (EFS), a financial arm of [General Electric](http://www.ge.com), invests globally with a long-term view, backed by the best of GE's technical know-how and financial strength, across the capital spectrum in one of the worldâ€:tm:s most capital-intensive industries, energy, to help their customers and GE grow.
With $22 billion in assets, GE Energy Financial Services …